Aragon (ANT), a platform specializing in the management of decentralized autonomous organizations, announced a merger with the Vocdoni Protocol, a provider of blockchain voting and governance solutions.
In contrast to the mergers of Yearn.finance, this acquisition has a much more traditional character. Aragon acquired Dvote Labs OÜ, the company behind the Vocdoni Protocol. Its 11 team members will be hired in a new company controlled by members of Aragon and Vocdoni.
The teams will work on building an integrated solution to strengthen the Aragon ecosystem. Vocdoni technology Uses knowledge-free encryption to enable anonymous votingto use in addition decentralized technologies like Interplanetary file systemor IPFS and libp2p, a network solution. Vocdoni’s technology was one of the main reasons behind the merger, he said. Joe Charlesworth, CEO of the Aragon Association. “We believe leveraging Aragon’s brand, treasury and domain expertise will help drive decentralized governance adoption.”added.
Vocdoni had previously conducted voting tests for Òmnium Cultural in Europe, a cultural association with more than 180,000 members. Project team members will continue to work with traditional and enterprise customers to develop technologies for use in DAOs.
The merger model differs significantly from that used by Yearn.finance. Luis Cuende, Founder of the Aragon Association, told Cointelegraph that “He is very fond of Yearn’s approach to mergers and acquisitions.”and noted that it was a “refreshing version” of amalgamations of cryptocurrency networks.
The Yearn acquisitions were informal. Development teams just worked together overnight, he told Cointelegraph Leo Cheng, Founder of Cream Finance. There were also few financial tiesThis led Cuende to conclude that this is the biggest difference between the two types of acquisitions:
“I would say the difference is that some of the mergers that Yearn has done are more like a partnership, with each project keeping its token. This is where we all come together around ANT and make it stronger. “
This has been pointed out by some critics of Yearn’s approach Token-holder communities have had very little say in most new venture plans. Joan ArusVocdoni COO stated that this criticism does not apply to the minutes:
“Although we originally wanted to start our own VOC token in the first half of 2021, after talking to the Aragon Association we decided not to do so and to adopt ANT as our native token (the one in the first half of the To be implemented in 2021). . […] Since we’re still in the early stages and didn’t have a token, there actually wasn’t a community that supposedly had a vote. “
Arus noted that early Vocdoni investors were drawn into the newly merged company while Dvote Labs’ board of directors and active members unanimously voted in favor of the acquisition.. The token economy for the new combined platform has yet to be defined, but the team hopes to involve the Aragon community in this process.